Which of the Following Is Not Necessary for a Firm

question 64

Multiple Choice

Which of the following is not necessary for a firm to be able to engage in price discrimination?

• A)A firm must have some market power.
• B)A firm must have some information about its consumers' willingness to pay.
• C)A firm must be a price-taker.
• D)A firm must be able to prevent arbitrage.

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Definitions:

Under

Positioned beneath or below a certain point or level, often indicating lower position or rank.

Tongue

A muscular organ in the mouth that is essential for tasting, swallowing, and speaking.

GI Tract

The gastrointestinal tract, a series of hollow organs joined in a long, twisting tube from the mouth to the anus, important for digestion and absorption of nutrients.

Buccal

Between the cheek and gum.